Chinese stocks are crashing

•May 29, 2015 • 1 Comment

20150528_china_2_0

20150528_china_1_0

http://www.zerohedge.com/news/2015-05-28/chinese-stocks-are-crashing

The Shanghai Composite has extended yesterday’s losses and is now officially in “correction” – down over 11% from its highs yesterday.

This is the biggest 2-day drop since August 2009

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bang!

didnt see a lot of news about this huge fall..

401

FIFA vows to go on with World Cup plans despite scandal..FIFA officials corrupted football

•May 29, 2015 • 3 Comments

fifa-3.si

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http://rt.com/news/262421-fifa-corruption-conference-arrests/

Following arrests of its seven officials in Sweden, FIFA assured at a press conference that the 2018 and 2022 WC games will still be held in Russia and Qatar. Calling itself “the damaged party”, the federation said it fully cooperates with the probe.

A press conference was called over the scandalous arrests of FIFA’s top shots on corruption charges. The body called it “a difficult… but good” moment that warrants a much needed cleanup. Sepp Blatter, however, will not be stepping down as president, as he is “not involved” in the scandal. Friday will see a FIFA’s annual meeting and an election, where Blatter is expected to win for the fifth time.

The probe has also cast a shade on the 2010 vote which decided on the 2018 and 2022 World Cup tournaments. The Swiss Attorney General (OAG) alleges ‘criminal mismanagement and money laundering’ took place during the procedures.

But FIFA communications chief Walter De Gregorio assured the 2018 and 2022 tournaments will be held in Russia and Qatar, and there will be “no re-vote.”

“It is certainly a difficult moment for us,” de Gregorio said. “It is a hard time for us. But this is good for FIFA. It confirms that we are on the right track. It hurts. It’s not easy. But it’s the right way to go.”

De Gregorio also reminded that it was FIFA who on November 18 of last year filed criminal charges with the OAG, and it is therefore the football body that is the real “victim” here in the fight against corruption.

Early Wednesday morning, Swiss authorities raided a luxury Zurich hotel, arresting seven top FIFA and related officials. OAG says electronic and other information and documents have also been seized from the federation’s headquarters as part of the investigation.

One of the most significant arrests is that of Jeffrey Webb, the vice president of the executive committee. Webb has previously been hailed by Blatter as a potential successor.

Other officials held by Swiss police include Rafael Esquivel, President of the Venezuelan Football Federation, Eduardio Li, President of the Costa Rica Football Association, Jose Maria Marin, vice-president of the Brazil Football Federation and Jose Maria Marin, vice-president of the Brazil Football Federation.

A total of 14 officials and sports-marketing executives were charged in an indictment containing 47 counts. Seven of the defendants were arrested this morning. They are now be facing extradition to the US.

http://www.bbc.com/news/world-us-canada-32902076

US prosecutors have accused several officials from football’s governing body Fifa of racketeering, fraud and money laundering involving tens of millions of dollars over 24 years.

Prosecutors said they had discovered a dozen schemes, including one awarding the 2010 World Cup to South Africa.

Fourteen people have been indicted, with seven held in Zurich on Wednesday.

Fifa president Sepp Blatter, who is not among them, issued a statement vowing to kick out corrupt officials.

Fifa also announced a “swift and immediate provisional ban” from football-related activity on 11 of the people involved in the US prosecution.

Fifa says it still intends to hold its presidential election on Friday. Mr Blatter is favoured to win a fifth term.

http://www.smh.com.au/sport/soccer/fifa-corruption-sepp-blatter-must-go-but-will-his-replacement-be-any-better-20150528-ghbpvs.html

Sepp Blatter has to go. No question. The larger question is whether Prince Ali bin-Hussein is the right man to replace him.

At the end of the darkest day in FIFA’s history – how can it not be when leading officials cover themselves in sheets as they are led into cars in an early-morning raid by Swiss prosecutors – nobody knew for sure whether Friday night’s (AEST) presidential election would go ahead.

The European confederation, UEFA, wants it delayed. Blatter won’t. The FBI, which orchestrated the swoop, has suggested the arrest of seven leading FIFA officials in Zurich is the tip of the iceberg. That tells us bigger fish are about to be caught in the net. Blatter? Maybe his luck has finally run out.

For decades Blatter has been able to fend off allegations that he has personally been involved in the culture of bribery which at first weakened, and has ultimately destroyed, FIFA’s credibility. Much of his protection has come from his incumbency. Any delay in the election will effectively remove that. He’ll be a dead man walking in every sense.

Which brings us to Prince Ali, the Jordanian royal who has emerged as the pin-up boy for the forces of change. His claims look impressive. A campaigner for the right of women in the Middle East to play football. A leading figure in the removal of a former Asian Football Confederation president, Mohammad Bin Hammam, who was found to be palpably corrupt and the man who, more than any other, deceived Australia in the disastrous 2022 World Cup bid. Perhaps as important as anything else, Prince Ali is a Muslim, and would become the first non-Christian president of FIFA – potentially a unifying force at a time when the world game is being ripped apart.

And yet. The troubling dimension to Prince Ali’s emergence is that those pushing him the hardest come from Western Europe and the US. This is where the commercial strength of football lies. In the case of the US, three of the game’s biggest sponsors (Coca-Cola, McDonald’s and Budweiser). In the case of Western Europe, the richest clubs and leagues in the world. That England and the US stand to gain from a re-vote for the 2018 and 2022 World Cup adds to the concern.

The fear is that Prince Ali could be a Trojan horse not for reform, but for the re-emergence of a powerful, western bloc which has never accepted FIFA’s strategy to spread the game rather than concentrate it. No wonder Blatter’s support is strongest in confederations like Oceania, Asia, North/Central America and Africa – regions which have benefitted the most from FIFA aid and who remain staunchly suspicious of Prince Ali’s patrons. On the eve of the election he still has some convincing to do.

http://en.wikipedia.org/wiki/Prince_Ali_bin_Hussein

Is the third son of King Hussein of Jordan, and the second child of the king by his third wife, Queen Alia. Prince Ali is claimed to be the 43rd generation direct descendant of the Islamic prophet Mohammad. Since 6 January 2011, he has been the Vice President of FIFA for Asia.

He entered the Royal Military Academy Sandhurst in the United Kingdom. Ali was commissioned as an officer in December 1994 and was awarded the Brunei Medal. Before continuing his studies in the United States, he served in the Jordanian Special Forces as a pathfinder, earning his military freefall parachute wings. He completed his undergraduate education at Princeton University in 1999.

Ali was one of a number of FIFA officials to call for the publication of the Garcia Report into allegations of corruption surrounding Russia and Qatar’s bids for the 2018 and 2022 FIFA World Cups.

In January 2015, It was announced that Prince Ali will challenge Sepp Blatter for the leadership of FIFA.

On 23 April 2004 Prince Ali married Algerian-born Rym Brahimi, a former CNN journalist and daughter of Lakhdar Brahimi, United Nations Special Representative for Afghanistan. The marriage was publicly celebrated on 7 September 2004.

Prince Ali holds a number of foreign decorations including the French Légion d’honneur, and the Order of the Rising Sun of Japan.

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this is all about timing..i want to make a few points here..

FIFA has been corrupt for years but now 3 days before the presidential election they drop these bombshells..FIFA should be torn down and started again from scratch..

the indictments are from the usa..the west and europe back the rival to blatter..

blatter is a corrupt bureaucrat..but the jordanian price will be no better..look at his bio above..a descendant of mohammad??

side versus side..using well known corruption in FIFA to also take the world cup away from russia..that push will come..bank on it..

“The troubling dimension to Prince Ali’s emergence is that those pushing him the hardest come from Western Europe and the US. This is where the commercial strength of football lies. In the case of the US, three of the game’s biggest sponsors (Coca-Cola, McDonald’s and Budweiser). In the case of Western Europe, the richest clubs and leagues in the world. That England and the US stand to gain from a re-vote for the 2018 and 2022 World Cup adds to the concern.”

401

Cameron meets leaders as EU Referendum Bill launched

•May 29, 2015 • 2 Comments

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http://www.bbc.com/news/uk-politics-32909896

David Cameron is starting a tour of European capitals as a bill paving the way for the UK’s EU referendum is launched in the House of Commons.

The prime minister will attempt to persuade the Dutch, French, Polish and German premiers to back his changes to the UK’s EU membership.

The EU Referendum Bill will confirm the question to be put to voters: “Should the United Kingdom remain a member of the European Union?”

The vote will take place by 2017.

The referendum bill was announced as part of a packed legislative programme in the Queen’s Speech, which also included an increase in free childcare, an income tax freeze and the right-to-buy for housing association tenants.

BBC political editor Nick Robinson said the EU debate was “where the prime minister’s focus is”, adding that the answer to the referendum question “will decide whether this Queen’s Speech is still being talked about in 100 years’ time”.

Downing Street said the draft law’s first reading in the Commons was a “concrete step towards settling the debate about the UK’s membership of the EU”.

Mr Cameron has pledged to renegotiate the UK’s relationship with the EU before holding the referendum, and has vowed to visit all 27 other member states ahead of a summit in June.

http://www.bdlive.co.za/world/europe/2015/05/28/queen-elizabeth-sets-her-seal-on-plan-for-eu-referendum;jsessionid=3EB7831CFB940D061C6B13AD0166E3D1.present2.bdfm

The Queen’s Speech to Parliament contained most of the measures promised in the Conservative Party’s election manifesto last month, including welfare cuts, giving tenants of nonprofit housing providers the right to buy their homes, and making strikes by essential workers more difficult.

Along with income tax cuts, the emphasis was on domestic policy areas that top voters’ concerns. The speech, written by Mr Cameron, promised “a one-nation approach, helping working people get on, supporting aspiration, giving new opportunities to the most disadvantaged and bringing different parts of our country together”.

In other measures in the speech, intelligence agencies will get more power to access communications data, a move blocked by the Liberal Democrats when Mr Cameron was in coalition with them until this year. An Extremism Bill will allow the banning of groups that support terrorism. The Scottish parliament will be given the right to set and keep the revenue from taxes, leaving it raising 40% of its taxes and controlling 60% of its public spending, while the government will move to stop Scottish MPs voting on laws that do not affect Scotland.

Absent was the replacement of the Human Rights Act, delayed amid legal argument about how it would be possible.

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queenie reading from her script..

“The speech, written by Mr Cameron, promised “a one-nation approach, helping working people get on, supporting aspiration, giving new opportunities to the most disadvantaged and bringing different parts of our country together”

cameron wrote it?

i think its been a few decades since she did a speech like this..why now?..whats special about 2015?

so will the UK leave eventually?..i think they will..

401

Pentagon report reveals US “created” ISIS as a “tool” to overthrow Syria’s President Assad

•May 29, 2015 • 7 Comments

isis US role_0

http://www.zerohedge.com/news/2015-05-23/secret-pentagon-report-reveals-us-created-isis-tool-overthrow-syrias-president-assad

From the first sudden, and quite dramatic, appearance of the fanatical Islamic group known as ISIS which was largely unheard of until a year ago, on the world’s stage and which promptly replaced the worn out and tired al Qaeda as the world’s terrorist bogeyman, we suggested that the “straight to beheading YouTube clip” purpose behind the Saudi Arabia-funded Islamic Statewas a simple one: use the Jihadists as the vehicle of choice to achieve a political goal: depose of Syria’s president Assad, who for years has stood in the way of a critical Qatari natural gas pipeline, one which could dethrone Russia as Europe’s dominant – and belligerent – source of energy, reaching an interim climax with the unsuccessful Mediterranean Sea military build up of 2013, which nearly resulted in quasi-world war.

The narrative and the plotline were so transparent, even Russia saw right through them. Recall from September of last year:

If the West bombs Islamic State militants in Syria without consulting Damascus,LiveLeak reports that the anti-ISIS alliance may use the occasion to launch airstrikes against President Bashar Assad’s forces, according to Russian Foreign Minister Sergey Lavrov. Clearly comprehending that Obama’s new strategy against ISIS in Syria is all about pushing the Qatar pipeline through (as was the impetus behind the 2013 intervention push), Russia is pushing back noting that the it is using ISIS as a pretext for bombing Syrian government forces and warning that “such a development would lead to a huge escalation of conflict in the Middle East and North Africa.”

But it’s one thing to speculate; it’s something entirely different to have hard proof.

And while speculation was rife that just like the CIA-funded al Qaeda had been used as a facade by the US to achieve its own geopolitical and national interests over the past two decades, so ISIS was nothing more than al Qaeda 2.0, there was no actual evidence of just this.

That may all have changed now when a declassified secret US government document obtained by the public interest law firm, Judicial Watch, shows that Western governments deliberately allied with al-Qaeda and other Islamist extremist groups to topple Syrian dictator Bashir al-Assad.

According to investigative reporter Nafeez Ahmed in Medium, the “leaked document reveals that in coordination with the Gulf states and Turkey, the West intentionally sponsored violent Islamist groups to destabilize Assad, despite anticipating that doing so could lead to the emergence of an ‘Islamic State’ in Iraq and Syria (ISIS).

According to the newly declassified US document, the Pentagon foresaw the likely rise of the ‘Islamic State’ as a direct consequence of the strategy, but described this outcome as a strategic opportunity to “isolate the Syrian regime.” 

And not just that: as we reported last week, now that ISIS is running around the middle east, cutting people’s heads of in 1080p quality and Hollywood-quality (perhaps literally) video, the US has a credible justification to sell billions worth of modern, sophisticated weapons in the region in order to “modernize” and “replenish” the weapons of such US allies as Saudi Arabia, Israel and Iraq.

But that the US military-industrial complex is a winner every time war breaks out anywhere in the world (usually with the assistance of the CIA) is clear to everyone by now. What wasn’t clear is just how the US predetermined the current course of events in the middle east.

Now, thanks to the following declassified report, we have a far better understanding of not only how current events in the middle east came to be, but what America’s puppermaster role leading up to it all, was. 

Read it here: https://medium.com/insurge-intelligence/secret-pentagon-report-reveals-west-saw-isis-as-strategic-asset-b99ad7a29092

The document reveals that in coordination with the Gulf states and Turkey, the West intentionally sponsored violent Islamist groups to destabilize Assad, and that these “supporting powers” desired the emergence of a “Salafist Principality” in Syria to “isolate the Syrian regime.”

According to the newly declassified US document, the Pentagon foresaw the likely rise of the ‘Islamic State’ as a direct consequence of this strategy, and warned that it could destabilize Iraq. Despite anticipating that Western, Gulf state and Turkish support for the “Syrian opposition” — which included al-Qaeda in Iraq — could lead to the emergence of an ‘Islamic State’ in Iraq and Syria (ISIS), the document provides no indication of any decision to reverse the policy of support to the Syrian rebels. On the contrary, the emergence of an al-Qaeda affiliated “Salafist Principality” as a result is described as a strategic opportunity to isolate Assad.

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“in coordination with the Gulf states and Turkey, the West intentionally sponsored violent Islamist groups to destabilize Assad, and that these “supporting powers” desired the emergence of a “Salafist Principality” in Syria to “isolate the Syrian regime.”

what can you add to that?..its absolutely true and the pathetic media never tell the truth..

the evidence is contained above..

401

Fed’s Fischer sees short-term rate at 3.25%-4% in three to four years

•May 29, 2015 • 2 Comments

F120328MA13

http://www.nasdaq.com/article/feds-fischer-sees-shortterm-rate-at-3254-in-three-to-four-years-20150525-00132

Federal Reserve Vice Chairman Stanley Fischer said Monday the central bank expects to follow a ” gradual and relatively slow” trajectory of short-term interest-rate increases over the next three to four years to bring borrowing costs back to “normal” levels.

Mr. Fischer said observers focus too much on when the Fed will start raising its benchmark short-term rate from near zero, and instead should think more about where interest rates are headed over time. He said Fed economists expect the rate will reach from 3.25% to 4% in three to four years.

“There is so much importance given to the first move. But I think it’s misleading,” said Mr. Fischer in a lecture at the Interdisciplinary Center Herzliya, a college in a suburb outside Tel Aviv.

Mr. Fischer, who served as chief of Israel’s central bank for eight years before becoming the No. 2 U.S. central banker, said the coming Fed rate increases “will be a gradual process.”

He said it would not be like the relatively rapid and predictable path of Fed rate increases from 2004 to 2006, when the benchmark rate rose by 0.25 percentage point at each of 11 consecutive monetary policy meetings.

His comments echoed those of Fed Chairwoman Janet Yellen, who said Friday the central bank is on track to raise interest rates this year but will likely proceed cautiously because the job market hasn’t fully healed, inflation is low and growth has again disappointed.

The Fed has held its benchmark federal funds rate near zero since late 2008. Mr. Fischer noted many investors and economists think the central bank is likely to start raising it in September.

He said the timing for the first rate increase would depend on the pace of economic growth, he said. “Our process is not date-determined. They are data-determined,” he said “We will wait and see what happens. If the economy is moving slow we’ll wait. If fast, we’ll do it earlier.”

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is he predicting or ordering?

deeply embedded in the financial industry..he is a player..

“Mr. Fischer noted many investors and economists think the central bank is likely to start raising it in September.”

september 2015 is looming as a massive month..

401

Updated NASA data: Global warming not causing any polar ice retreat

•May 29, 2015 • 2 Comments

global.daily.ice.area.withtrend

http://www.forbes.com/sites/jamestaylor/2015/05/19/updated-nasa-data-polar-ice-not-receding-after-all/

Updated data from NASA satellite instruments reveal the Earth’s polar ice caps have not receded at all since the satellite instruments began measuring the ice caps in 1979. Since the end of 2012, moreover, total polar ice extent has largely remained above the post-1979 average. The updated data contradict one of the most frequently asserted global warming claims – that global warming is causing the polar ice caps to recede.

The timing of the 1979 NASA satellite instrument launch could not have been better for global warming alarmists. The late 1970s marked the end of a 30-year cooling trend. As a result, the polar ice caps were quite likely more extensive than they had been since at least the 1920s. Nevertheless, this abnormally extensive 1979 polar ice extent would appear to be the “normal” baseline when comparing post-1979 polar ice extent.

Updated NASA satellite data show the polar ice caps remained at approximately their 1979 extent until the middle of the last decade. Beginning in 2005, however, polar ice modestly receded for several years. By 2012, polar sea ice had receded by approximately 10 percent from 1979 measurements. (Total polar ice area – factoring in both sea and land ice – had receded by much less than 10 percent, but alarmists focused on the sea ice loss as “proof” of a global warming crisis.)

A 10-percent decline in polar sea ice is not very remarkable, especially considering the 1979 baseline was abnormally high anyway. Regardless, global warming activists and a compliant news media frequently and vociferously claimed the modest polar ice cap retreat was a sign of impending catastrophe.Al Gore even predicted the Arctic ice cap could completely disappear by 2014.

In late 2012, however, polar ice dramatically rebounded and quickly surpassed the post-1979 average. Ever since, the polar ice caps have been at a greater average extent than the post-1979 mean.

Now, in May 2015, the updated NASA data show polar sea ice is approximately 5 percent above the post-1979 average.

During the modest decline in 2005 through 2012, the media presented a daily barrage of melting ice cap stories. Since the ice caps rebounded – and then some – how have the media reported the issue?

The Earth has warmed modestly since the Little Ice Age ended a little over 100 years ago, and the Earth will likely continue to warm modestly as a result of natural and human factors. As a result, at some point in time, NASA satellite instruments should begin to report a modest retreat of polar ice caps. The modest retreat – like that which happened briefly from 2005 through 2012 – would not be proof or evidence of a global warming crisis. Such a retreat would merely illustrate that global temperatures are continuing their gradual recovery from the Little Ice Age. Such a recovery – despite alarmist claims to the contrary – would not be uniformly or even on balance detrimental to human health and welfare. Instead, an avalanche of scientific evidence indicates recently warming temperatures have significantly improved human health and welfare, just as warming temperatures have always done.

http://arctic.atmos.uiuc.edu/cryosphere/IMAGES/global.daily.ice.area.withtrend.jpg

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“Updated data from NASA satellite instruments reveal the Earth’s polar ice caps have not receded at all since the satellite instruments began measuring the ice caps in 1979.”

oh..thats awkward..

“in May 2015, the updated NASA data show polar sea ice is approximately 5 percent above the post-1979 average.”

this is from NASA..they dont support the fossil fuel industry allegedly..

401

Insecure narcissistic people more likely to post on Facebook

•May 29, 2015 • 1 Comment

1368885608491596

http://rt.com/uk/261169-facebook-status-linked-depression/

People suffering from low self-esteem are more likely to post their relationship status on Facebook, a new study has found.

A report from Brunel University, published Friday, found that the popular Facebook “relationship status” feature was used by individuals with low self-esteem to generate attention to distract from their own feelings.

“People with low self-esteem are more likely to see the advantage of self-disclosing on Facebook rather than in person,” the report said.

However, rather than providing a boost of self-confidence, the romantic status posts “tend to be perceived as less likeable,” it added.

Data collected from a sample of 555 Facebook users took into account the frequency with which users engaged with the social network, whether or not they were involved in a relationship and the amount of time they spent checking Facebook.

“Sixty-five percent of participants were currently involved in a romantic relationship, and 34 percent had at least one child,” the report said.

A total of 57 percent checked Facebook on a daily basis, and spent an average of 108 minutes a day actively using it, it added.

The report also found that “narcissists” were likely to post about their achievements, rather than relationships, “indicating that narcissists’ boasting may be reinforced by the attention they crave.”

They were also more likely to post about health and fitness regimes “suggesting that they use Facebook to broadcast the effort they put into their physical appearance,” the report said.

Psychology lecturer Dr Tara Marshall, from Brunel University London, said: “It might come as little surprise that Facebook status updates reflect people’s personality traits. However, it is important to understand why people write about certain topics on Facebook because their updates may be differentially rewarded with ‘likes’ and comments.”

“People who receive more likes and comments tend to experience the benefits of social inclusion, whereas those who receive none feel ostracized,” she said.

“Although our results suggest that narcissists’ bragging pays off because they receive more likes and comments to their status updates, it could be that their Facebook friends politely offer support while secretly disliking such egotistical displays,” Marshall said.

“Greater awareness of how one’s status updates might be perceived by friends could help people to avoid topics that annoy more than they entertain.”

In the past, the links between usage of social media and emotional stability have been exploited by advertisers and social networks alike.

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“A report from Brunel University, published Friday, found that the popular Facebook “relationship status” feature was used by individuals with low self-esteem to generate attention to distract from their own feelings.”

*removes status update on what i ate for breakfast

the nihilist type narcissism on display within facebook is outrageous..a generation of selfish assholes are being created..

401

 
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